
Insurers flush with capital are rushing to grab part of an expanding cybercoverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. andHome Depot Inc.
Sales are...
Having comprehensive cyber risk policies that are not followed can be as detrimental as not having a policy at all says Peter Given.Good who advises that good risk-insurance will demand appropriate...
No director or officer can effectively carry out their duties today without considering the possibility of a cyberattack disrupting or damaging their company, and the fact that they will be the...
Many off-the-shelf cyber liability policies feature a broad range of exclusions that won't protect your company from a data breach or ransomware attack.
The growing exposure from data...
In light of businesses increasing usage of information assets and advancing technology insurers are pulling away from cyber coverage, according to Kevin Kalinich, global practice leader of cyber risk...
In the wake of recent mega data breaches, it comes as no surprise that companies are working harder than ever to prepare for an inevitable data breach incident. Enterprises of all shapes and...
As European authorities aim to ratify revised data protection legislation by the end of 2015, many firms will have a lot of work to do to comply, a study has revealed.
If all goes according...
Looking at application forms for cyber insurance suggests four basic steps that can reduce exposure to data breaches.
As we approach the close of 2014, virtually no one needs to be reminded...
Major retailers should expect higher rates and retentions and lower coverage limits for their cyber insurance following several major data breaches since spring 2013, but much depends on persuading...
The Ponemon Institute released the 2014 results from their second annual survey on data breach preparedness sponsored by Experian on Wednesday, and some of the trends were...
The growth of the Internet of Things brought the attention of the European data protection regulators that through the European data protection advisory body, the Article 29 Working Party, issued...
With data breaches making headlines the world over, awareness about the importance of having technologies and governance practices in place to respond to such incidents should be at an alltime...
If major technology companies decide “flex their corporate muscles” in the insurance sector, it could change the playing field for everyone involved, KMPG has warned.The industry is already fighting...
The risk of data breach may not be on the radar screen of an entity engaged in contract negotiations with vendors who, in the course of their work, will have access to or possession of the entity’s...
EU financial regulator the European Insurance and Occupational Pensions Authority (Eiopa) has called on continental regulators to check that insurers and other financial institutions devote...
The Massive & Ever-Increasing Risk
2014 has seen one massive data breach after another, affecting industries and organizations of every type. One recent report indicated an Eastern European...
Retail giant Target got an unusual amount of air time over the holiday season last year. Unfortunately for them, it was not due to their engaging commercials. Their positive consumer appeal was...
Employee errors at the root of most data breaches, but breaches caused by malware or spyware prove more costly
San Francisco, 18 September 2014
Beazley, the pioneer in breach response...
Data breach – those two words stir fear in most people. According to Privacy Rights Clearinghouse, more than 864 million personal records have been breached in the U.S. since 2005. With...
AIG has launched a cyber product for SMEs in conjunction with broker Sutcliffe & Co and IASME Consortium to support the government’s Cyber Essentials Scheme.
The scheme is aimed at encouraging...